Micron Technology Inc (NASDAQ: MU) kicked off on Monday, down -11.71% from the previous trading day, before settling in for the closing price of $103.19. Over the past 52 weeks, MU has traded in a range of $79.15-$157.54.
Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.
Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here.
Sponsored
Technology Sector giant saw their annual sales surged by 8.79% over the last five years. While this was happening, its average annual earnings per share was recorded 443.52%. With a float of $1.11 billion, this company’s outstanding shares have now reached $1.11 billion.
The firm has a total of 48000 workers. Let’s measure their productivity. In terms of profitability, gross margin is 30.92%, operating margin of 14.97%, and the pretax margin is 13.69%.
Micron Technology Inc (MU) Insider Activity
Our next focus will be how large-scale investors are participating in this stock of the Semiconductors Industry. The insider ownership of Micron Technology Inc is 0.41%, while institutional ownership is 77.67%. The most recent insider transaction that took place on Jan 07 ’25, was worth 508,800. In this transaction CVP, Chief Accounting Officer of this company sold 5,000 shares at a rate of $101.76, taking the stock ownership to the 54,518 shares. Before that another transaction happened on Jan 07 ’25, when Company’s Officer proposed sale 5,000 for $101.76, making the entire transaction worth $508,780.
Micron Technology Inc (MU) Earnings and Forecasts
According to the Wall Street analysts, stocks earnings will be around 443.52% per share during the next fiscal year.
Micron Technology Inc (NASDAQ: MU) Trading Performance Indicators
Take a look at Micron Technology Inc’s (MU) current performance indicators. Last quarter, stock had a quick ratio of 1.75. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.49. Likewise, its price to free cash flow for the trailing twelve months is 183.24.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 3.46, a number that is poised to hit 1.44 in the next quarter and is forecasted to reach 11.17 in one year’s time.
Technical Analysis of Micron Technology Inc (MU)
Analysing the last 5-days average volume posted by the [Micron Technology Inc, MU], we can find that recorded value of 27.33 million was better than the volume posted last year of 26.72 million. As of the previous 9 days, the stock’s Stochastic %D was 45.84%. Additionally, its Average True Range was 5.36.
During the past 100 days, Micron Technology Inc’s (MU) raw stochastic average was set at 24.22%, which indicates a significant increase from 12.33% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 81.15% in the past 14 days, which was higher than the 62.32% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $98.64, while its 200-day Moving Average is $109.36. Now, the first resistance to watch is $95.35. This is followed by the second major resistance level at $99.60. The third major resistance level sits at $103.09. If the price goes on to break the first support level at $87.61, it is likely to go to the next support level at $84.12. Should the price break the second support level, the third support level stands at $79.87.
Micron Technology Inc (NASDAQ: MU) Key Stats
The company with the Market Capitalisation of 101.51 billion has total of 1,114,172K Shares Outstanding. Its annual sales at the moment are 25,111 M in contrast with the sum of 778,000 K annual income. Company’s last quarter sales were recorded 8,709 M and last quarter income was 1,870 M.
